Bush says NOT Privatizing Social Security was his biggest failure

This post was written by marc on October 22, 2010
Posted Under: Letters to the Editor

Letter to the Editor

Former president George W. Bush says that he considers his biggest failure of his presidency was NOT privatizing Social Security. I think what he really means is that his biggest failure was not destroying Social Security. Even with the advantage of hindsight, knowing what happened with the Wall Street collapse and the bank bailouts he wishes the Social Security Trust Fund was in there too.

Although Wall Street used to be a place to invest in promising companies it has deteriorated into a casino where the betting is manipulated by inside trading and the government is on the hook when the deal go bad. The Republicans want to dump our savings into this system and deregulate it so that they can gamble away our future and then come begging the taxpayers for a bailout when they collapse the system.

If Bush claims that not privatizing Social Security was his biggest failure then the Democrats biggest success was keeping Bush’s hands off Social Security. Republican candidates have made it clear they want to phase out Social Security. That is why it is important for us to elect Democrats so that Republicans can’t give all our Social Security money to Wall Street to be gambled away.

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